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The Figure Given Below Shows the Revenue and the Cost

Question 78

Multiple Choice

The figure given below shows the revenue and the cost curves of a perfectly competitive firm. Figure 23.3 The figure given below shows the revenue and the cost curves of a perfectly competitive firm. Figure 23.3 Refer to Figure 23.3 and identify the price level at which the firm earns only normal profit. A) $4 B) $8 C) $10 D) $2 E) $14 Refer to Figure 23.3 and identify the price level at which the firm earns only normal profit.


A) $4
B) $8
C) $10
D) $2
E) $14

Correct Answer:

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